US banks: JPM, Goldman, Citi down after quarterly results; Wells Fargo gains

JPMorgan Chase & Co JPM.N

JPMorgan Chase & Co shares down 4%

Co raised its full-year forecast for net interest income on Tuesday

Profit climbed to $14.39 billion, or $5.07 per share, in the three months ended September 30

Investment banking fees rose 16% in Q3

"While there have been some signs of a softening, particularly in job growth, the U.S. economy generally remained resilient" - CEO Jamie Dimon

Goldman Sachs GS.N

Shares of Goldman Sachs down 5.5%

Co's quarterly profit climbed over 37% as its investment bankers earned higher advisory fees and traders capitalized on active markets

Investment banking fees rose to $2.66 billion in the quarter ended September 30

Growth was fueled by a 60% surge in advisory fees, while debt and equity underwriting fees also gained

Citigroup C.N

Citigroup shares down 0.6%

Co reported a rise in Q3 profit, as all its divisions brought in record revenue
Revenue in Citi's banking unit gained 31.3% to $2.1 billion, the biggest growth across its five divisions

Net income in the reported quarter climbed 16% to $3.8 billion

Wells Fargo WFC.N

Wells Fargo shares up 3.8%

Co beat Wall St estimates for Q3 profit and raised its profitability target after regulators removed an asset cap imposed on the bank

Net income was $5.59 billion, or $1.66 per share, in the three months ended September 30

Fed's September rate cut is expected to boost banks' interest income in Q4

*Shares of asset manager BlackRock BLK.N touch record high, up 2.8% after Q3 results

*S&P 500 Banking Index .SPXBK falls 1.2%